I heard a couple months ago (was it here?) this was going on and that they were considering revamping the $5 as a result. Originally fives and ones were going to stay the old design. But I have to wonder, why just give fives a new design? Surely they can do the same with a one dollar bill.
Posted by RelicMan on :
I remember hearing something about how one-dollar bills are the least counterfeited and therefore are not considered "important" enough to get the remake treatment. If I can find a cite for that I'll edit my post to reflect that.
ETA: "As for the one dollar bill, only a minimal redesign is planned at an unknown date. The one is usually not counterfeited because of its low value." from Discovery.
Posted by tagurit on :
Right, RelicMan, but that's not the point. They're using bleached five dollar bills right now, to print higher denomination bills on. If they can use five dollar bills, they can use one dollar bills. They're not going to counterfeit one dollar bills. That'd be silly, hence no plan (up to now) to go into the major design revamp like they've done with tens, twenties, and fifties.
Posted by majic on :
The point of using the higher denomination bills like the five is that they have the security thread in them. The bill will feel very worn and the printing may cause one to examine further (which most people do by checking for the thread, but not reading it). The paper will get past the counterfeit pens with any denomination. After having one of those reprinted fives passed at my workplace (in which the cashier hit it with the pen and looked for a thread) about a year ago, we now check for the thread in every large bill and actually read it.
This works with the older bills without the watermarks, so that is the standard we work with now.
Posted by Richard W on :
Are all your bills in the USA still the same size regardless of denomination? I've often wondered why that is. This scam wouldn't work in the UK, Europe or most other places, because notes of different denomination are different sizes.
Not only does having different sized notes prevent this type of forgery, it makes it easier to tell the difference between the notes too. It seems such a no-brainer decision that I wonder why the USA has never introduced it.
Posted by monkey on :
But Richard W, if our bills were different sizes, they wouldn't fit so neatly in our wallets. Convenience over logic, every freaking time.
Posted by Richard W on :
Am I allowed to say "Yet another reason that I'm glad I don't live in the USA!" at this point, or would that just be trolling?
Posted by Nicki on :
Not only would it help prevent that type of forgery but it would also help the blind differentiate between the different bills. I know they have their own technique now but the different sizes seems like it would be better.
Posted by shifty rob on :
quote:Originally posted by Richard W: Am I allowed to say "Yet another reason that I'm glad I don't live in the USA!" at this point, or would that just be trolling?